Posted by hoot9e996 > 2021-12-27 12:30 | Report Abuse

you can see those salty comments if it drops next session or tomorrow, i scared i take profit to cover my loss last week haha

Posted by nixonteh85 > 2021-12-27 12:34 | Report Abuse

roller coaster, siok lah
up down up up down, normal

Posted by geary > 2021-12-27 12:45 | Report Abuse

https://www.globaltimes.cn/page/202112/1243422.shtml

Karma is Action; Body, Mind n life Energy!?
That's why deaths from COVID-19 are mostly western citizens; because of their own actions; they are responsible for their own destiny!?

Posted by geary > 2021-12-27 12:50 | Report Abuse

https://www.globaltimes.cn/page/202112/1243313.shtml?id=11

Disruption of global Supply Chains; causing Inflation; because they 'Utang' too much!?

Posted by geary > 2021-12-27 12:56 | Report Abuse

https://www.globaltimes.cn/page/202112/1243361.shtml?id=12

China Bullet Trains won't Derail!?

Posted by geary > 2021-12-27 13:02 | Report Abuse

China Bullet Trains won't Derail!?
27/12/2021 12:56 PM

TopGlov is right On Track; listing n collaborating with Chinese integrated manufacturing Hubs!?

Posted by rr1688 > 2021-12-27 13:06 | Report Abuse

king of the day...

Posted by 8899EL8899 > 2021-12-27 13:11 | Report Abuse

0.26% volume of share traded,......share price going up 10%,......very weird,........short seller in trouble? ........or............. rubber glove asp shoot up?..........

Posted by 8899EL8899 > 2021-12-27 13:22 | Report Abuse

something very abnormal happening in top glove,........... very low volume,......price go up so much,..........what is going on?.........

Posted by richman > 2021-12-27 13:26 | Report Abuse

many geniune holders are not selling.those who gave their scripts for shorting are not doing so.The volume will increase as it trends higher to the $3 level.

Posted by NatsukoMishima > 2021-12-27 13:28 | Report Abuse

No bloodbath , still tahan very tahan !!

Posted by skcm2017 > 2021-12-27 13:33 | Report Abuse

Jpm is on chritmas holiday...

Posted by 8899EL8899 > 2021-12-27 13:36 | Report Abuse

TAN SRI want to slaughter short seller?............wait to see afternoon show,.......2nd episode,.....very interesting,.......

Posted by Ryan83 > 2021-12-27 13:36 | Report Abuse

Short sellers buying back before 1st Jan 2022 due to removal of RM200 maximum cap transaction fees

Posted by ahbah > 2021-12-27 13:45 | Report Abuse

After the removal of RM200 maximum cap transaction fees, can the mkt go

up still ?

Posted by 8899EL8899 > 2021-12-27 14:16 | Report Abuse

will TAN SRI push it up above rm2.8,.........let see afternoon,.........

Posted by masterus > 2021-12-27 14:30 | Report Abuse

© Robert309 | Dreamstime.com
Travellers from the United States, Spain, Portugal, Finland, Monaco, and Cyprus will be subject to stricter entry restrictions in Germany, starting from Saturday, December 25. The decision has been announced by the Robert Koch Institut, which is the German agency for disease prevention and control.

Posted by masterus > 2021-12-27 14:31 | Report Abuse

Coronavirus digest: France records over 100,000 COVID-19 infections for first time
25.12.2021

Posted by masterus > 2021-12-27 14:33 | Report Abuse

French health authorities say they confirmed 104,611 new cases on Saturday. The daily tally hit a record high for the third consecutive day and topped the 100,000 mark for the first time.

Italy reported 54,762 new cases, also renewing the country's record for three days in a row.

Posted by masterus > 2021-12-27 14:36 | Report Abuse

https://www.schengenvisainfo.com/news/covid-19-situation-in-eu-continues-to-deteriorate-in-spite-of-tightened-travel-restrictions/

Posted by masterus > 2021-12-27 14:38 | Report Abuse

Not just Omicron, ‘Delmicron’ behind surge in Covid-19 cases in US, Europe; all you need to know

Posted by masterus > 2021-12-27 14:38 | Report Abuse

https://www.livemint.com/news/world/not-just-omicron-delmicron-behind-surge-in-covid-19-cases-in-us-europe/amp-11640310850841.html

Posted by Hwai Hooi > 2021-12-27 14:43 | Report Abuse

what happen topglove up so fast?

Posted by ahbah > 2021-12-27 14:52 | Report Abuse

Bcos mani people chase ma ?

TG up fast to trap the chasing players ?

Posted by Metaverse222 > 2021-12-27 15:08 | Report Abuse

Malaysian Glove Makers Face Challenge From China, Hartalega Says

China could emerge as a major force in the global rubber gloves market and threaten the dominance of Malaysian companies in the long term, said Kuan Mun Leong, CEO of Hartalega Holdings Bhd., one of Malaysia’s biggest glove producers.

Chinese glove makers are expected to contribute 23% of the total share of the world’s glove supply by 2022 from an estimated 16% currently based on their announced capacity expansion plans, the Hartalega CEO said on Tuesday. Malaysia’s market share is expected to shrink to 60% by 2022 from 67% currently, he added.

The Chinese companies have been meeting rising demand from the U.S and Europe amid production disruptions caused by a flare-up of the coronavirus pandemic in Malaysia, the world’s largest rubber glove supplier.

“Like it or not, China is now a force to reckon and is a competition we should recognize,” Kuan said in a virtual briefing after the company’s annual shareholders meeting. “I don’t see Malaysia will lose leadership position in the near-and-medium term,” the CEO said, adding he’s unsure if the country can keep its dominance in the long term.

Hartalega is currently operating only at 70% of its capacity utilizing 60% of its workforce, he said. Operating at full capacity would require the company to test all its 9,000 workers for Covid-19 every two weeks, which Kuan described as a major disruption.

Posted by TianChoi1 > 2021-12-27 15:12 | Report Abuse

Ha ha ha ha
We are all smart investors. We can read . No need to tell us cock stories. Obviously u r “poor” to invest !!!! I feel sad for u!!!!!

Posted by Ryan83 > 2021-12-27 15:13 | Report Abuse

China glove companies can't compete with Malaysia glove companies coz their production cost are much higher and import tariff 7.5-25% to US markets starting December 2021

Posted by UlarSawa > 2021-12-27 15:20 | Report Abuse

walao many Macai Macai must be feeling uneasy after Taikor make a comeback from rm2.00 to rm2.40. Up 20% leh. They scare to get bad karma so they are hiding in the cave kah. Hiding in the cave also will get bad karma one lah. Correct?

Posted by UlarSawa > 2021-12-27 15:26 | Report Abuse

Yeekor Boss old news still can use lagi kah. Yeekor talk so much like slapping own face only scare of China leh. Why so scare of competition. Must act like Taikor mah. Anytime is ready for competition leh. Taikor behave like a Taikor not scare of China competition leh. Baru can be Taikor leh. Correct?

Posted by UlarSawa > 2021-12-27 15:30 | Report Abuse

Taikor capture back no 1 in term of Capitalisation again. Sudah cakap lah. Tan Sri want face one leh. How cannlosevto yeekor in term of total Capitalisation leh. Tan Sri want face more tham anything else leh. Correct?

Posted by ari > 2021-12-27 15:36 | Report Abuse

good showtoday

Posted by Nasri > 2021-12-27 15:40 | Report Abuse

good rally

Posted by Metaverse222 > 2021-12-27 15:43 | Report Abuse

Malaysia’s glove sector outlook: Not the time yet for bottom fishing

WITH average selling prices (ASPs) having yet to find a bottom, the time may not yet be ripe to bottom fish glove stocks.

Further expecting interest in COVID-19 related stocks such as gloves to wane as the global vaccination rate rises has prompted Maybank IB Research to downgrade the outlook of the glove sector to “negative” (from “neutral” previously).

“We believe strong balance sheets and low operating costs are important factors that will allow glove makers to weather through the downturn and provide some financial cushion to the imminent price war,” opined analyst Wong Wei Sum in a glove sector update.

“Fortunately, the glove makers under our coverage i.e. Top Glove Corp Bhd (RM2.05 bil), Hartalega Holdings Bhd (RM3.08 bil) and Kossan Rubber Industries Bhd (RM1.64 bil) have accumulated sizeable amounts of cash during the peak cycle and are now in net cash positions.”

In Maybank IB Research’s view, the industry’s ASP which is declining fast could hit pre-COVID levels by mid-2022, ie another -42% from current level of about US$40/1,000 glove pieces in September.

“With the stiff competition from China, we believe the Malaysian glove sector is experiencing a structural change and the oversupply situation could potentially extend longer than the typical downcycle of six to nine months,” the research house pointed out.

However, Maybank IB Research expects the strong balance sheet to be able to self-fund the glove maker’s expansion capacity for the next few years.

“Our concern would be with new entrants that rushed into the glove sector during the peak cycle in end 2020,” noted the research house.

“In order to get their factories ready within very short period, we understand that these new entrants paid premium pricing for their plants, installation works, machineries, raw materials and even staffs; hence, high operating costs, making them less competitive in pricing.”

Company-wise, Maybank IB Research has downgraded Hartalega and and Kossan to “sell” (from “hold” previously) with lower target prices of RM3.99 (from RM6.74 previously) and RM1.86 (from RM3.16 previously) respectively. At the same time, it maintained its “sell” call on Top Glove with an unchanged target price of RM1.68.

Posted by UlarSawa > 2021-12-27 15:50 | Report Abuse

All the analist dunno how to value Taikor share price lah. Why TP so low with si low PE one leh. Taikor Is no 1 Glove maker leh. Command a premium leh. They thought Taikor kucing Kurup glove maker cannot beat those China Gloves makers kah. Who can beat Taikor 100bil capacity lah. None leh. Correct?

Posted by lawrgan > 2021-12-27 15:51 | Report Abuse

Yeekor ini memang tak bebola leh. takut ini takut itu

Posted by NatsukoMishima > 2021-12-27 16:10 | Report Abuse

https://www.orientaldaily.com.my/news/nation/2021/12/27/458379?source=lead

Ah jib gor will be back ! Pls see the picture

Posted by Metaverse222 > 2021-12-27 16:14 | Report Abuse

Glove ASPs to continue decline in 1H 2022, says HLIB Research

KUALA LUMPUR: The average selling price (ASP) of gloves is expected to continue declining in the first half of 2022, albeit at a slower rate of 5 per cent month-on-month (MoM), compared to 10 per cent MoM previously.

Hong Leong Investment Bank Bhd (HLIB Research) said glove prices had fallen closer to pre-Covid levels, with the current ASP being US$25-35 per thousand pieces compared to the pre-pandemic ASP of US$21 per thousand pieces.

"We also note that the pricing difference between the US market and European Union (EU) market is also narrowing, at US$5 the difference now, as opposed to a US$10 gap earlier.

"In our view, glove prices are likely to reach pre-Covid levels by the second half (Q2) of 2022," the bank-backed research firm said in a note today.

Glove ASPs have been on a downtrend since mid-2021, following a mass rollout of vaccination programmes in major glove consuming countries, as the better vaccination coverage has greatly alleviated buyers' urgency to stock up on gloves.

The spike in glove demand previously has resulted in nitrile butadiene rubber (NBR) latex prices to more than double to a high of US$2.40 per kg in early-2021 but has since tapered off, in tandem with the weaker glove demand.

NBR latex prices are expected to reach pre-Covid levels of US$1.10 per kg in early-2022, as glove demand continues to normalise, and additional supply capacity kicks in.

Natural rubber (NR) latex prices, however, are expected to stay elevated in 1H 2022, given the La Nina phenomenon expected in January 2022, followed by wintering period that typically lasts from February to May.

HLIB noted that with ASPs declining faster than raw material price, coupled with higher operating costs stemming from better social compliance practices and

stricter standard operating procedures (SOP), margins for the glove makers are expected to compress further.

Not to mention that the impending price war arising from Chinese glove makers attempting to win market share could also exacerbate the situation further.

"Nevertheless, we are comforted by the fact that the glove makers under our coverage have accumulated a large war chest during the upcycle, and the strong balance sheet should help the glove producers to better weather through this difficult time," the research firm said.

Further, HLIB Research said amidst the falling ASPs, glove buyers have refrained from stocking up on gloves to avoid locking in purchases at high prices.

"However, with glove prices slowly approaching pre-Covid levels, we think that restocking activities could gradually resume in 1H 2022.

"That said, we expect utilisation rate for the glove producers to remain below pre-Covid levels of 80-85 per cent in 1H 2022, due to overall softening in demand," the firm noted.

HLIB Research maintains a Neutral call for the sector as the current headwinds faced by the glove makers are unlikely to dissipate in the near future.

"We expect the operating environment for glove makers to remain challenging in 1H 2022.

"However, a strong cash position should help the glove makers to navigate through these challenging times and withstand any impending price wars that might come their way," the research firm said.

Posted by hoot9e996 > 2021-12-27 16:33 | Report Abuse

TG SOLO carry index green so high?

Posted by yfchong > 2021-12-27 16:44 | Report Abuse

Waiting for intco performance..

Posted by mokluhanj21 > 2021-12-27 16:45 | Report Abuse

Why is Top Glove still not hitting my RM1.50 TP? I wanna sell JPM's sisters and mother to buy more shares. PLS pls pls hit RM1.5 :(
now too expensive

also, more variants please in NY so Wall Street can lock down please

Posted by UlarSawa > 2021-12-27 16:51 | Report Abuse

Blue Sail loss making last Qtr. This Qtr lagi worst kah. Intco also kena hit bah. Power Supply glut in China started in late Q3 to Q4 few moons ingat thier plants also shutdown lah. Ular guessing their QR will be bad lah. Serve them right if they are having bad QR lah. Mau lawan Msia gloves makers lagi kah. Correct?


yfchong Waiting for intco performance..
27/12/2021 4:44 PM

Posted by risingstar21 > 2021-12-27 16:52 | Report Abuse

wowww 2.39 looking good
lets shoot up more

Posted by kami82 > 2021-12-27 17:01 | Report Abuse

this one 2.5 if possible

Posted by Stockisnotfun > 2021-12-27 17:13 | Report Abuse

What happened? Why suddenly down?

Posted by yfchong > 2021-12-27 17:24 | Report Abuse

No choice........ China powersupply is in bad shape..less coal to fuel the power generation.. Let's see

Posted by yfchong > 2021-12-27 17:25 | Report Abuse

Let's see 3 months any new pattern apply by Blue sail n intco

Posted by GroundZeroIV > 2021-12-27 17:32 | Report Abuse

congrats those who managed to run before closing. haha

Posted by GroundZeroIV > 2021-12-27 17:51 | Report Abuse

omicron is displacing delta fast all over the world.
omicron spread much faster, have shorter incubation period, but much harder to infect lungs and patients take lesser time to recover.
so the omicron wave will be more compressed.
there may be a bit of surge of hospitalizations during its peak but it will be short-lived.
herd immunity will be formed quickly by natural infections due to its high transmissibility
covid is becoming flu-like.
bad news for glove industry

Posted by BoomBerg > 2021-12-27 18:01 | Report Abuse

Delmicron dud

Posted by amateurJR > 2021-12-27 19:01 | Report Abuse

Glovetards sure happy today.